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During the popping of the Japanese real estate bubble, which saw the value of the land under the imperial palace as the same as the value of the entire state of
by AccountToUse 5y ago
During the popping of the Japanese real estate bubble, which saw the value of the land under the imperial palace as the same as the value of the entire state of California[1], mortgages were offered in 100 year terms[2].
[1] https://www.scmp.com/magazines/style/news-trends/article/3091222/japan-1980s-when-tokyos-imperial-palace-was-worth-more https://www.scmp.com/magazines/style/news-trends/article/309...
[2] https://money.cnn.com/magazines/fortune/fortune_archive/1990/05/21/73567/ https://money.cnn.com/magazines/fortune/fortune_archive/1990...